https://www.taxtmi.com/news?id=16561 The fifth tranche of Sovereign Gold Bonds is a government issued, gram denominated security sold to resident Indian entities via banks, SHCIL, designated post offices and recognised stock exchanges. Issue and redemption prices are set in rupees by reference to the IBJA weekly average for 999 purity gold; payment modes include cash (subject to a cap), draft, cheque or electronic banking. The eight year bond carries a fifth year exit option, fixed semi annual interest on initial investment, SLR eligibility, tradability on exchanges after RBI notification, collateral use with RBI mandated LTV, a per person subscription ceiling enforced by self declaration, and specified tax treatment for interest and capital gains. en-us Tue, 30 Aug 2016 16:48:33 +0530 Tue, 30 Aug 2016 16:48:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=16561 The fifth tranche of Sovereign Gold Bonds is a government issued, gram denominated security sold to resident Indian entities via banks, SHCIL, designated post offices and recognised stock exchanges. Issue and redemption prices are set in rupees by reference to the IBJA weekly average for 999 purity gold; payment modes include cash (subject to a cap), draft, cheque or electronic banking. The eight year bond carries a fifth year exit option, fixed semi annual interest on initial investment, SLR eligibility, tradability on exchanges after RBI notification, collateral use with RBI mandated LTV, a per person subscription ceiling enforced by self declaration, and specified tax treatment for interest and capital gains. News - Tue, 30 Aug 2016 16:48:33 +0530 https://www.taxtmi.com/news?id=16561